205 W Gage Avenue, Los Angeles, CA 90003
- $450,000
- 2
- BD
- 1
- BA
- 988
- SqFt
- Sold Price
- $450,000
- List Price
- $495,000
- Closing Date
- Apr 22, 2026
- Status
- CLOSED
- MLS#
- 26666359
- Year Built
- 1910
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 988
- Lot Size
- 4,723
- Acres
- 0.11
- Days on Market
- 2
- Property Type
- Single Family Residential
- Style
- Craftsman
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Exceptional development and value add opportunity in a rapidly transforming Los Angeles corridor. This 2 bedroom, 1 bath Craftsman totals 988 SF on a 4,723 SF lot and is zoned LAR2, offering strong potential for multiunit redevelopment, ADU additions, or income producing expansion, with a long driveway for parking (buyer to verify). Built in 1910, the existing structure is well suited for a full reposition or complete redevelopment. Strategically located near the 110 Freeway with immediate access to Downtown Los Angeles, the Coliseum, and Crypto.com Arena. With major global events such as the upcoming World Cup and Olympics driving longterm demand, this property presents compelling upside for rental, short term lodging, or hold strategies. Prime opportunity for developers and investors seeking density, flexibility, and future growth.
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Additional Information
- Pool Description
- None
- Heat
- None
- Cooling Description
- None
- View
- None
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Michael Tipton (michael.tipton@cbrealty.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Michael Tipton from Coldwell Banker Realty
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